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T.J.’s WEALTH MENTOR TIPS & STRATEGIES NEWSLETTER/BLOG:
The banks have a little secret that they really don’t want the general public to know. This week I want to discuss a subject that is near and dear to my heart as a real estate investor. To understand where I come from as an investor you must first understand where I came from. A few years ago, after I had started as a real estate investor, I quickly earned over $100,000.00 in the first 90 days of being in this business. That was real cash, real dollars earned. I quickly paid off a lot of debt, which was a good thing to do. But then I also slowed down my activity, and then the debt began to rebuild again. I quickly learned that I must have a debt management plan if I’m to be successful as an investor. In the upcoming weeks, you’ll be hearing more about our new Turning Debt into Wealth system.
I’m very excited to announce this program because it truly will show you how to get rid of your mortgage debt in as little as 3 to 9 years, without changing your monthly budget. Now what I’m about to tell you is not an illegal scheme or a way to avoid paying your debts. Quite the contrary
All we’re going to do is teach you how to employ the basic concept of timing and management to create a much simpler way to pay your monthly bills and, at the same time, dramatically reduce or eliminate your mortgage in much less time. To better understand this, you must understand that banks make money several ways. They make money on the "spread". The spread is simply the difference between the money that they have to pay out, such as the interest rate on savings accounts, and the income that they earn by lending money out at a higher rate. For example, if they pay you 2 percent on your certificate of deposit (CD) and they lend the money out at 6 percent, they’re making a 4 percent spread on other people’s money.
This is often referred to as the "OPM principle". Next, banks make money on "timing". This is to say, if they can hold your money longer they can make money on it on overnight, through the borrowing and lending of money. They also make money by having you pay your payments at the last possible date; therefore, accumulating the greatest amount of interest. Now I’m not suggesting that all you have to do is pay your payments earlier; it’s a little more complex than that. The way in which banks set up the very mortgage notes and debt structures that you pay, are geared to make you pay on the latest possible date and pay the highest possible amount of interest to them. With this system you’ll actually operate like the bank, in terms of the structure and timing of payments on all your bills. This system will not require you to change your overall monthly income of change your actual overall budget. But it will change the way in which you make those payments, so that is to your maximum advantage.
The elements of the plan include: 1. You could end up with as little as two bills to pay per month versus the number of bills you may be currently paying. How would you like to write just 2 checks per month to pay all your bills? 2. You may also end up by reducing your mortgage by 20 years or more.
For example, a 30-year mortgage may be reduced to as little as 9 or 10 years, or even less; thus, eliminating all of those payments that you no longer have to pay. 3. We’ll show you an investing strategy where you can take all that additional money saved and reinvest it into real estate; doing this over and over again. Imagine 10 or 15 years from now, when you have several properties now paid for, earning you income streams on several free and clear rental properties. Compare this to not having a system like this in place and having rentals that barely pay the mortgage payment. Or, compare this to retiring and having a mortgage payment to pay, versus just having a free and clear property to live in. This matter is so huge that we feel it will dramatically affect the overall U.S. economy if we can just get 20 percent of the population going to this new payment system. It’s our goal to lead the way for you and for our clients.
Announcements: We will soon have a series of upcoming tele-seminars on this and other related subjects, which you will certainly want to attend. Our newsletter subscribers will be invited to attend these events. For more details about real estate and investing training, go to www.tjmarrs.com.
Helping America Succeed, One Person at a Time.
Here are just a few additional areas our fully 2005 updated training contains:
* How to cash in on today’s amazing foreclosure market.
* 10 easy ways to buy property nothing down and with zero credit.
* How to get the deals other investors walk away from.
* How to get foreclosure sellers to call you first, every time.
* How to turn a bad deal into a great deal.
* How to get sellers to give you their homes for free.
* How being aware of the new HUD rules and how they will impact our business, will make you money while damaging your competition for not knowing the rules and how to take advantage of them.
* 31 ways to sell property and explosive speed and at above market prices.
Check out our book and course training links now T.J. Marrs
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